CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY | THE CATALYTIC FUND

COVINGTON, KY | Kenton County
Revitalization/Stabilization

Overview

CATALYTIC DEVELOPMENT FUNDING CORP OF NORTHERN KENTUCKY | THE CATALYTIC FUND
26-3389252
50 E RIVERCENTER BLVD STE 260
COVINGTON, KY 41011
Kenton County
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Nonprofit's website edit
  • Nonprofit's social media links
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Mission Statement edit info

This nonprofit has not reported a mission statement.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
Founded edit info
Not reported
Total Employees edit info
Not reported
Total Volunteers edit info
Not reported
Nonprofit Classification (NTEE Code) info
S31

S - Community Improvement, Capacity Building

Urban & Community Economic Development

Organizations that provide technical assistance, loans, loan guarantees or other forms of management support to help impoverished urban communities create local jobs, sustain local services and build healthier local economies.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
1/7/2015
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$378,000
CDFI Financial Assistance
2015
$700,000
CDFI Financial Assistance
2013
$97,278
CDFI Technical Assistance
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$867.6K
Revenue
$867.6K
Assets
$12.8M
Exempt Ruling Date info
2009-09
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
KY
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
50 E RIVERCENTER BLVD STE 260
COVINGTON, KY 41011
Kenton County
FIPS Geocoded Address info
17140
MSA/CBSA info
21
State info
117
County info
0670.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Cincinnati, OH-KY-IN
Combined Statistical Area info
Cincinnati-Wilmington-Maysville, OH-KY-IN
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 19.11%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0670.00 Kenton County
Population
Total Population 2,575 165,668
Total Households 1,699 63,966
Income
Median Family Income (Census*) $55,962 $64,339
Median Family Income (2019 FFIEC) $76,700 N/A
Tract Income Percentage 80% N/A
Below Poverty Level 22.9% 11.5%
Unemployment Level 10.0% 4.2%
Housing
Total Housing Units 2,144 69,661
Total Owner-Occupied Units 16.8% 66.1%
Total Renter-Occupied Units 62.5% 33.9%
Total Vacant Units 20.8% 5.1%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

12
Total Voting Members
in Governing Body
info
12
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Jeanne Schroer
President & Chief Executive Officer
(859) 757-0519
Principal Officer info
Jeanne Schroer
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.